Wednesday, 12 August 2020

NALCO, NINL to set up JV for coal tar pitch plant in Odisha

Updated: February 19, 2017 6:57 pm

NALCO and Neelachal Ispat Nigam Limited (NINL) have signed an MoU to set up a joint venture company for producing coal tar pitch in Odisha. “The agreement is part of the new business plan of Nalco to ensure backward integration and sustain the plans for forward integration,” said Nalco CMD Tapan Kumar Chand. Under the JV, the coal tar distillation plant that is proposed to be set up, will use the coal tar generated from NINL’s coke oven plant at its 1.1 million tonne per annum integrated iron and steel plant at Kalinga Nagar in Duburi, said a Nalco statement.

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